Thefall 2014 issue ofGreat Boardsis now available and features articles onavoiding new Medicare penalties for hospital errors and how boards can develop a shared governance model.

In “A $330 Million Risk: What Boards Should Know About New Medicare Penalties for Hospital Errors,” author Rodney F. Hochman, MD, describes how Medicare’s new penalty program works, the drivers of quality, safety, and costs at organizations, and the role boards can play in reducing the risk of incurring such financial penalties.

Health care boards need to evolve beyond their traditional fiduciary and core governance responsibilities to encompass a more strategic and global view, says Pam Knecht in her article, “The Shared Governance Imperative.” She discusses how boards and management need to move to a new model of shared governance with the ultimate goal of creating a culture of engagement to drive organization success.

Two new resources have been added to theGreat Boardswebsite. The first resource, which is referenced in the October Center Voices column inTrusteemagazine, is a list ofquestionsboard members should ask when considering a super clinically integrated network opportunity. The second is a sample audit and compliance committeecharter, provided courtesy ofACCORD, LIMITED, a governance and strategic planning consulting firm based in Chicago, IL.